Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

t2 filing - GIFI doesnt balance bc all assets were sold and only liabilities remain

Since we sold the machinery and inventory for the business (assets), we only have remaining liabilities (debts still owed - HST, CEBA and funds owed to the director). As a result, the GIFI isn't balancing and the software won't let me file. Any tips or advice?

 
1 Reply

t2 filing - GIFI doesnt balance bc all assets were sold and only liabilities remain

If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can contact the dedicated support team using the chat here: https://public-consumer-chat.app.intuit.com/app/ccs/consumer?experienceId=ttbInc. Agents are available 9:00 am to 6:00 pm EST, Monday to Friday.

 

You can also visit the Intuit Profile support site. TurboTax Business Incorporated is based off Profile software.